Shares of Varun Beverages Ltd (VBL) jumped 4.17% to ₹533.50 in early trade on Tuesday after the company reported its Q1FY26 earnings.
While revenue declined 2.5% YoY to ₹7,017 crore, the EBITDA edged up 0.4% YoY to ₹1,998 crore, and net profit rose 5% YoY to ₹1,325 crore, aided by cost efficiencies. However, sales volume dropped 3% YoY, indicating some pressure on demand.
Brokerages remained largely positive:
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CLSA maintained an Outperform rating with a target price of ₹774.
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Nuvama maintained a Buy but cut its target to ₹606.
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Jefferies also maintained a Buy with a target of ₹600.
Strong institutional support and earnings resilience seem to have driven investor sentiment, despite muted topline growth.
Disclaimer: This article is for informational purposes only and is based on publicly available financial disclosures and brokerage views. It does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
